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Glycinates Market Size

Report ID: GMI5192
Published Date: Feb 2023
Report Format: PDF

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Glycinates Market Size

Glycinates Market size crossed USD 1 billion in 2022 and is anticipated to record over 6.5% CAGR from 2023 to 2032.

Surging consumption of dietary supplements, particularly across developed countries such as the U.S. and Canada is expected to spur the glycinates market demand. In recent years, the prevalence of mineral deficiencies has increased substantially due to the adoption of fast-paced lifestyles, excessive consumption of low-nutrition junk foods, and alcohol consumption. For instance, according to recent research, the increasing incidences of inflammatory bowel disease (IBD) showcase high susceptibility to zinc deficiency. Nearly 50% of newly diagnosed celiac disease cases are prone to zinc deficiency caused by mucosal inflammation and zinc malabsorption, emphasizing the need for supplements, such as zinc glycinates.

Glycinates Market Report Attributes
Report Attribute	Details
Base Year:	2022
Glycinates Market Size in 2022:	USD 1 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6.9%
2032 Value Projection:	USD 1.9 Billion
Historical Data for:	2018 to 2022
No. of Pages:	350
Tables, Charts & Figures:	252
Segments covered:	Type, Form, Application, and Region
Growth Drivers:	Asia Pacific: Increasing demand of poultry feed as growth enhancers North America: Rising demand of dietary supplements owing increasing incidences for mineral deficiency Europe: Rising demand for fortified food & beverages
Pitfalls & Challenges:	Lack of awareness in developing nations

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Additionally, the growing consumption of meat and meat products and the deployment of very strict food safety regulations pertaining to meat quality will positively affect the industry outlook. According to the Food & Agriculture Organization (FAO), global meat production is set to exceed 360 million tons in 2022, owing to increasing meat output estimated across China, Australia, Brazil, and Vietnam.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of glycinates was reached USD 1 billion in 2022 and is anticipated to record over 6.5% CAGR from 2023-2032.

The calcium glycinate segment is projected to exhibit over 7.5% CAGR between 2023-2032, due to increasing consumption to limit musculoskeletal diseases.

The market size for glycinates in Asia Pacific is poised to reach USD 450 million by the end of 2032, driven by surging meat consumption in countries, such as China.

BASF, Solvay, Aditya Chemicals, Dunstan Nutrition, Pancosma SA, Clariant, Pharmavit, Innospec, UNO VETCHEM, PAT IMPEX Chemicals India are some of the leading producers and suppliers of glycinate.